empty
 
 

04.03.202611:50:24UTC+00Sterling Rebounds as Dollar Softens Amid Middle East News

Sterling rose to $1.338, retracing part of its early-week decline that had taken it close to a three-month low, as the dollar softened following reports that Iran had signalled a willingness to discuss terms for ending the war. According to The New York Times, operatives from Iran’s Ministry of Intelligence made an indirect approach to the CIA a day after US-Israeli strikes began. Israeli officials, however, have urged Washington to disregard the overture for now.

At the same time, investors assessed how higher energy prices might influence Bank of England policy. Market pricing now implies only about a 20% chance of a rate cut this month, sharply lower than the roughly 75% probability seen last week.

Meanwhile, the Office for Budget Responsibility lowered its 2026 UK growth forecast to 1.1%, from 1.4% projected in November, even before incorporating the latest energy shock. It nevertheless expects stronger growth of 1.6% in both 2027 and 2028, alongside reduced borrowing needs and lower inflation projections.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback